As businesses continue to grasp this new normal, adapting to operating remotely has brought to light the inefficiency of many back-office processes that are easily disrupted when a quick shift is required. Among those inefficiencies is the need to make on-time payments to suppliers, an even more critical responsibility during times of uncertainty when

With many of their teams now working remotely, association management companies and community associations are at increased risk for data breaches and check fraud that can erode trust and lead to financial loss. How so? Those relying on paper-based, manual processes are struggling to access the paper and people they need to work

Understanding how accounts payable (AP) automation benefits security is extremely important in today’s climate, as criminals are upping their game to take advantage of new opportunities. Organizations must protect not only their employees, but also their financial data and personal information. Otherwise, they stand to take financial loss, in addition to loss of reputation

Panera Bread Company is the fast-casual restaurant with healthy food options and a bakery we have all come to know and love. Unfortunately, their IT finance department’s process for dealing with invoices and doling out payments was less desirable. So, Panera turned to AvidXchange to assist with things behind the counter—streamlining their accounts payable

With most of their employees working remotely, association management companies have been forced to revisit the processes they rely on to sustain operations. Among the most critical functions for ensuring business continuity is paying association vendor bills. It’s an uphill battle for those who rely on manual, paper-based AP invoicing and payment processes. They

Two months into this global pandemic, we wanted to continue exploring critical gaps in continuity plans and understand what some companies are doing to solve for them. So, we gathered a panel of industry insiders to share some insights from the frontlines of business and finance operations in this new reality, including: Jess

One of the biggest benefits of accounts payable automation is its ability to save your team time. In fact, Goldman Sachs recently estimated AP automation can drive 70-80% time-savings for small and medium-size businesses (SMBs). But how does an automated solution cut so much time out of the invoice and payment cycle, and

Electronic invoicing (e-invoicing) and payments (e-payments) are shifting from the “nice-to-have” to “need-it-now” list for many companies. Because manual, paper-based accounts payable (AP) processes that rely on in-office workflows, printers, and mailing services are no longer dependable, businesses are looking for more reliable and accessible ways to handle their mission critical processes, like paying